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Nobel Ltd is a wool coat manufacturer. It produced 80 units in September. The following cost information is available: •   Wool fabric: $150 per unit •   Depreciation of production equipment: $3,000 per month •   Research and development: $1,000 per month •   Wages of staff involved in cutting, sewing and finishing: $30 per unit •   Designers' salary: $23,000 per month •   Advertising costs: $900 per month •   Indirect material: $40 per unit •   Salary of factory supervisor: $16,000 per month What is the total prime costs for Nobel Ltd in September? a. 14,400 b. 12,000 c. 24,600 d. 22,200

Nobel Ltd is a wool coat manufacturer. It produced 80 units in September. The following cost information is available: •   Wool fabric: $150 per unit •   Depreciation of production equipment: $3,000 per month •   Research and development: $1,000 per month •   Wages of staff involved in cutting, sewing and finishing: $30 per unit •   Designers' salary: $23,000 per month •   Advertising costs: $900 per month •   Indirect material: $40 per unit •   Salary of factory supervisor: $16,000 per month What is the total prime costs for Nobel Ltd in September? a. 14,400 b. 12,000 c. 24,600 d. 22,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nobel Ltd is a wool coat manufacturer. It produced 80 units in September. The following cost information is available:
•   Wool fabric: $150 per unit
•   Depreciation of production equipment: $3,000 per month
•   Research and development: $1,000 per month
•   Wages of staff involved in cutting, sewing and finishing: $30 per unit
•   Designers' salary: $23,000 per month
•   Advertising costs: $900 per month
•   Indirect material: $40 per unit
•   Salary of factory supervisor: $16,000 per month

What is the total prime costs for Nobel Ltd in September?

a. 14,400
b. 12,000
c. 24,600
d. 22,200
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